8 Domains Will Go Through Tremendous AI-powered Transformation, Says Iflexion's Research

DENVER, April 9, 2019 /PRNewswire-PRWeb/ -- Iflexion, a global provider of software development services, has announced today the release of an industry research report "8 Emerging Applications of AI." This report summarizes recent developments in artificial intelligence for Banking, Healthcare, and Insurance, as well as provides a review of several industry-agnostic AI trends.

For the past decade, the banking industry has been experiencing monumental changes due to the shifting regulatory environment as well as increased competition from fintechs. The report highlights the disruptive effect of AI on the banking sector and provides an overview of anti-money laundering (AML) and risk management applications of artificial intelligence.

This document also accents the transformative effect of artificial intelligence on healthcare that is one of the most conservative domains.

The report highlights some of the changes that the industry undergoes because of AI: it puts a special accent on medical imaging and shows practical applications of disease analytics in the healthcare sector.

The insurance industry is one of the biggest contenders for AI disruption due to its historical relationship with data analytics. The abundance of data makes insurance the perfect test bed for AI projects. The trends emerging in this report reflect the growing need to cut operational costs and streamline policy management, while simultaneously improving risk management. The report showcases the applications of AI in the claims management and underwriting domains.

Iflexion singles out two main cross-industry trends that will keep influencing AI adoption. The report explores the phenomenon of augmented analytics and reveals the synergy between AI and robotic process automation (RPA).

About Iflexion
Iflexion is a custom software development company based in Denver, CO. With 850+ specialists on board, Iflexion delivers software solutions that address various business needs and foster enterprise processes. With a strong focus on web and mobile development, the company has accomplished more than 1,500 projects in 30+ countries.
Iflexion keeps in step with ever-changing tech trends and extends their offering with top-demanded services and technologies. AR/VR app development, AI consulting and development, image analysis, blockchain development make part of Iflexion's competencies.

SOURCE Iflexion